Instruction 5-2 a Certain Type of New Business Succeeds 60% of the of the Time.Suppose

question 84

Short Answer

Instruction 5-2
A certain type of new business succeeds 60% of the time.Suppose that 3 such businesses open (where they do not compete with each other,so it is reasonable to believe that their relative successes would be independent).
-Referring to Instruction 5-2,the probability that at least 1 business succeeds is ________.

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Definitions:

Doubts

Feelings of uncertainty or lack of conviction about something, leading to questions or hesitations in belief or action.

Repetitive Routines

Behaviors or tasks that are performed in a consistent, unvarying manner, often as part of a daily or regular schedule.

Specific Phobia

An intense, irrational fear of a specific object, situation, or activity that is strongly avoided.

Extreme

Something that is far beyond the norm or average in magnitude, intensity, or degree.